Looking internationally, beer brewer SABMiller(SBMRY) and Chinese internet giant Tencent(TCEHY) are also releasing financial results. Shares in Burberry(BURBY) are slumping in London as investors express their disappointment with the fashion house's latest financial results.

The change in supply dynamics means traders will be especially keen to see a weekly crude inventory report that's being released at 10:30 a.m. ET. Recent data from the U.S. Energy Information Administration show oil inventories have been at historically high levels.

5. Ones to watch -- Mitsubishi, Facebook: Mitsubishi Motors announced Wednesday that president Tetsuo Aikawa will step down next month amid fallout from a huge scandal over cheating on fuel efficiency tests.

Glenn Beck, Dana Perino, S. E. Cupp and Zac Moffatt are among the key people who will be having a sit-down with Zuckerberg after accusations surfaced last week that Facebook suppressed conservative news stories in its "Trending" section.

6. Japan avoids a recession: Japan's economy expanded 1.7% in the first quarter of 2016, bouncing back from a 1.7% contraction in the previous quarter.